PNM Resources Board Declares Quarterly Common Stock Dividend

Rhea-AI Summary

On July 27, 2021, PNM Resources announced a quarterly dividend of $0.3275 per share, payable on August 13, 2021, to shareholders of record by August 6, 2021. This decision reflects the company's stable financial position, as evidenced by its $1.5 billion in operating revenues for 2020. PNM serves around 800,000 customers across New Mexico and Texas and aims for 100% emissions-free energy by 2040. This dividend distribution signifies the company's ongoing commitment to returning value to shareholders.

Positive

• Quarterly dividend of $0.3275 per share enhances shareholder returns.
• Company's solid 2020 operating revenues of $1.5 billion highlight financial stability.
• Commitment to achieve 100% emissions-free energy by 2040 strengthens long-term strategy.

Negative

• None.

ALBUQUERQUE, N.M., July 27, 2021 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3275 per share on the company's common stock. The dividend is payable August 13, 2021 to shareholders of record at the close of business August 6, 2021.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.0 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:
Analysts	Media
Lisa Goodman	Ray Sandoval
(505) 241-2160	(505) 241-2782

 

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SOURCE PNM Resources, Inc.

FAQ

What is the dividend amount declared by PNM Resources?

PNM Resources declared a quarterly dividend of $0.3275 per share.

When is the dividend payment date for PNM Resources?

The dividend is payable on August 13, 2021.

Who are eligible shareholders for PNM Resources' dividend?

Shareholders of record at the close of business on August 6, 2021, are eligible.

What were PNM Resources' operating revenues for 2020?

PNM Resources reported consolidated operating revenues of $1.5 billion for 2020.

What is PNM Resources' goal for emissions-free energy?

PNM Resources aims to achieve 100% emissions-free energy by 2040.